Find the effective interest rate if the nominal rate is 7 percent compounded continuously. Round to two decimal places, if necessary.
A) 7.05%
B) 7.25%
C) 7.45%
D) 7.55%

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The Answer of Find the effective interest rate if the nominal rate is 7 percent compounded continuously. Round to two decimal places, if necessary.
A) 7.05%
B) 7.25%
C) 7.45%
D) 7.55%

Find the Effective Interest Rate If the Nominal Rate Is